Bandhan Multi Asset Allocation Fund vs ICICI Prudential Multi-Asset Active FOF
Direct Plan, Growth option · Data as on 29-10-2026
Bandhan Multi Asset Allocation Fund is a Multi Asset fund and ICICI Prudential Multi-Asset Active FOF is a Fund of Funds fund. Bandhan Multi Asset Allocation Fund charges 0.84% a year and ICICI Prudential Multi-Asset Active FOF 0.25% (Direct plans). Their portfolios overlap 11.1%: they hold 2 of the same securities.
Bandhan Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.84%
- NAV
- ₹14.14
ICICI Prudential Multi-Asset Active FOF
Fund of Funds
- Expense ratio
- 0.25%
- NAV
- ₹9.74
Which is better, Bandhan Multi Asset Allocation or ICICI Prudential Multi-Asset Active FOF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Multi-Asset Active FOF costs less: 0.25% a year against 0.84% (Direct plans).
- ICICI Prudential Multi-Asset Active FOF fell less in its worst fall since 20-07-2026: −6.4% against −6.8%.
- Bandhan Multi Asset Allocation is the larger fund: ₹3,745 Cr against ₹2,513 Cr.
- Their portfolios overlap 11.1%: 2 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bandhan Multi Asset Allocation Fund | ICICI Prudential Multi-Asset Active FOF |
|---|---|---|
| Fund house | Bandhan Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Multi Asset | Fund of Funds |
| AUM | ₹3,745 Cr (31-08-2026) | ₹2,513 Cr (30-09-2026) |
| NAV | ₹14.14 (Direct) | ₹9.74 (Direct) |
| Expense ratio (Direct) | 0.84% | 0.25% |
| Expense ratio (Regular) | 2.16% | 1.34% |
| Riskometer | Very High | High |
| Benchmark | 65% Nifty 500 TRI + 25% NIFTY Short Duration Debt Index + 5% Domestic prices of gold + 5% Domestic prices of silver | 55% Nifty 200 TRI + 35% NIFTY Composite Debt Index + 7% Domestic Price of Gold + 3% Domestic Price of Silver |
| Launch date | 31-01-2024 | 17-07-2026 |
| Minimum investment | ₹1,000 | ICIC/O/O/FOD/26/01/0204 |
| Lock in | None | None |
| Fund managers | Viraj Kulkarni, Daylynn Pinto, Kapil Kankonkar, Gautam Kaul, Brijesh Shah, Ritika Behera, Gaurav Satra | Dharmesh Kakkad, Manish Banthia, Akhil Kakkar, Gaurav Chikane, Sharmila D’silva |
| Exit load | Exit Load for units in excess of 10% of the investment,0.5% will be charged for redemption within 1 year. | • NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 30% of the units (the limit) purchased or switched within 1 year from the date of allotment. • 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 1 Year from the date of allotment. • NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 Year from the date of allotment.The Trustees shall have a right to prescribe or modify the exit load structure with prospective effect subject to a maximum prescribed under the Regulations. For more details, refer section on ‘Load structure’. |
Bandhan Multi Asset Allocation vs ICICI Prudential Multi-Asset Active FOF: Returns Comparison
Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bandhan Multi Asset Allocation Fund (Direct) | −2.01% | −3.66% | −1.20% | +5.01% | -- | -- | -- |
| ICICI Prudential Multi-Asset Active FOF (Direct) | −1.60% | −3.06% | -- | -- | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Bandhan Multi Asset Allocation vs ICICI Prudential Multi-Asset Active FOF: Year-wise Returns
| Year | Bandhan Multi Asset AllocationBandhan Multi Asset Allocation | ICICI Prudential Multi-Asset Active FOFICICI Prudential Multi-Asset Active FOF |
|---|---|---|
| 2026to date | +0.67% | -- |
| 2025 | +20.98% | -- |
Bandhan Multi Asset Allocation vs ICICI Prudential Multi-Asset Active FOF: Rolling Returns
Every holding period of both funds
Bandhan Multi Asset Allocation vs ICICI Prudential Multi-Asset Active FOF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Multi Asset Allocation Fund (Direct) | ICICI Prudential Multi-Asset Active FOF (Direct) |
|---|---|---|
| Return (CAGR) | +13.42% | −9.72% |
| Standard deviation | 9.15% | 6.90% |
| Sharpe ratio | 0.82 | -2.16 |
| Sortino ratio | 1.13 | -2.58 |
| Maximum drawdown | −10.0% (23-03-2026) | −6.4% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-02-2024 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Bandhan Multi Asset Allocation Fund (Direct)
ICICI Prudential Multi-Asset Active FOF (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Multi Asset Allocation Fund (Direct) | −6.8% | 25-08-2026 | 23-10-2026 | Not yet | -- | −6.2% |
| ICICI Prudential Multi-Asset Active FOF (Direct) | −6.4% | 25-08-2026 | 23-10-2026 | Not yet | -- | −5.0% |
From daily values since 20-07-2026, the first day every fund has.
Bandhan Multi Asset Allocation vs ICICI Prudential Multi-Asset Active FOF: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Multi Asset Allocation Fund, August 2026; ICICI Prudential Multi-Asset Active FOF, September 2026
Holdings in common
- Overlap
- 11.1%
- Held by both
- 2
- Only in Bandhan Multi Asset Allocation
- 136
- Only in ICICI Prudential Multi-Asset Active FOF
- 17
| Security | % of Bandhan Multi Asset Allocation | % of ICICI Prudential Multi-Asset Active FOF |
|---|---|---|
| ICICI Prudential Gold ETF | 6.68% | 6.72% |
| ICICI Prudential Silver ETF | 4.46% | 5.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.1% means 11.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bandhan Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 4.20% |
| Reliance Industries Limited | 3.76% |
| ICICI Bank Limited | 3.02% |
| Kotak Mahindra Bank Limited | 2.33% |
| Bandhan Silver ETF | 2.27% |
Largest holdings only in ICICI Prudential Multi-Asset Active FOF
| Security | % of fund |
|---|---|
| ICICI Prudential Banking & Financial Services Fund - Direct - Growth | 10.87% |
| ICICI Prudential Short Term Fund - Direct Plan - Growth Option | 10.61% |
| ICICI Prudential Floating Interest Rates Fund - Direct Plan | 7.63% |
| ICICI Prudential Gilt Fund - Direct Plan - Growth | 6.53% |
| ICICI Prudential Energy Opportunities Fund - Direct Plan - Growth | 6.44% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Multi Asset Allocation | ICICI Prudential Multi-Asset Active FOF |
|---|---|---|
| Equity | 66.3% | 0.0% |
| Debt | 6.3% | 0.0% |
| Cash and others | 27.4% | 100.0% |
Market cap of stocks
| Market cap | Bandhan Multi Asset Allocation | ICICI Prudential Multi-Asset Active FOF |
|---|---|---|
| Large Cap | 39.6% | -- |
| Mid Cap | 13.8% | -- |
| Small Cap | 12.9% | -- |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Bandhan Multi Asset Allocation | ICICI Prudential Multi-Asset Active FOF |
|---|---|---|
| Banks | 13.5% | 0.0% |
| Finance | 6.6% | 0.0% |
| Automobiles | 4.5% | 0.0% |
| Petroleum Products | 3.8% | 0.0% |
| Pharmaceuticals & Biotechnology | 3.7% | 0.0% |
| Retailing | 3.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Multi Asset Allocation vs ICICI Prudential Multi-Asset Active FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Multi Asset Allocation Fund | ICICI Prudential Multi-Asset Active FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.84% | 0.25% |
| Base expense ratio (Direct) | 0.44% | 0.18% |
| Total expense ratio (Regular) | 2.16% | 1.34% |
| Base expense ratio (Regular) | 1.57% | 1.14% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
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Bandhan Multi Asset Allocation Fund vs ICICI Prudential Multi-Asset Active FOF: Frequently Asked Questions
What is the difference between Bandhan Multi Asset Allocation Fund and ICICI Prudential Multi-Asset Active FOF?
Bandhan Multi Asset Allocation Fund is a Multi Asset fund, ICICI Prudential Multi-Asset Active FOF is a Fund of Funds fund, run by Bandhan Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 11.1%. Bandhan Multi Asset Allocation Fund charges 0.84% a year and ICICI Prudential Multi-Asset Active FOF 0.25%.
Which has the lower expense ratio, Bandhan Multi Asset Allocation Fund or ICICI Prudential Multi-Asset Active FOF?
ICICI Prudential Multi-Asset Active FOF charges less: 0.25% a year against 0.84%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Multi Asset Allocation Fund and ICICI Prudential Multi-Asset Active FOF overlap?
11.1%. They hold 2 of the same securities, the largest shared ones being GOLDIETF, SILVERIETF. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Multi Asset Allocation Fund or ICICI Prudential Multi-Asset Active FOF?
On SEBI's riskometer, Bandhan Multi Asset Allocation Fund is rated Very High and ICICI Prudential Multi-Asset Active FOF High. Over their common history, the standard deviation of daily returns was 9.15% and 6.90% a year.
Can I invest in both Bandhan Multi Asset Allocation Fund and ICICI Prudential Multi-Asset Active FOF?
Yes. 11.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Multi Asset Allocation Fund and ICICI Prudential Multi-Asset Active FOF?
Bandhan Multi Asset Allocation Fund: Viraj Kulkarni, Daylynn Pinto, Kapil Kankonkar, Gautam Kaul, Brijesh Shah, Ritika Behera, Gaurav Satra. ICICI Prudential Multi-Asset Active FOF: Dharmesh Kakkad, Manish Banthia, Akhil Kakkar, Gaurav Chikane, Sharmila D’silva.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.